Navios Maritime Partners (NYSE:NMM) Receives “Hold (C+)” Rating from Weiss Ratings

Navios Maritime Partners (NYSE:NMM)‘s stock had its “hold (c+)” rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Navios Maritime Partners Stock Down 1.8%

Shares of NMM opened at $45.84 on Friday. Navios Maritime Partners has a 52-week low of $28.37 and a 52-week high of $58.03. The company has a market capitalization of $1.36 billion, a PE ratio of 4.57 and a beta of 1.54. The stock has a fifty day simple moving average of $46.46 and a two-hundred day simple moving average of $41.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.61.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, August 21st. The shipping company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.41. The business had revenue of $327.56 million during the quarter, compared to analysts’ expectations of $309.58 million. Navios Maritime Partners had a return on equity of 9.24% and a net margin of 23.31%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.06 EPS. As a group, equities analysts forecast that Navios Maritime Partners will post 12.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NMM. Allworth Financial LP acquired a new position in shares of Navios Maritime Partners in the second quarter valued at approximately $47,000. TD Waterhouse Canada Inc. purchased a new stake in Navios Maritime Partners during the second quarter worth $62,000. State of Wyoming acquired a new position in shares of Navios Maritime Partners in the first quarter worth $157,000. Cerity Partners LLC acquired a new position in shares of Navios Maritime Partners in the second quarter worth $212,000. Finally, Aristides Capital LLC acquired a new position in shares of Navios Maritime Partners in the second quarter worth $228,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Navios Maritime Partners

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.